segemseans
     
    
   
   
    
     
      The
      banks
      have
      not
     
     
      released
      conclusive
      data
      to
     
     
      show
      what
      the
      current
      de-
     
     
      fault
      rate
      is
      like.
     
    

    
     
      Student
      leaders,
     
     
      meanwhile,
      say
      they
      are
     
     
      pleased
      the
      government
      will
     
     
      begin
      administering
      the
      loan
     
     
      program
      rather
      than
      the
     
     
      banks.
     
    

    
     
      But
      they
      quickly
      add,
     
     
      however,
      that
      the
      lack
      of
     
     
      concrete
      numbers
      on
      the
     
     
      program
      is
      problematic.
     
    

    
     
      "From
      our
      standpoint
     
     
      the
      lack
      of
      information
      on
      this
     
     
      only
      shows
      the
      lack
      of
      trans-
     
     
      parency
      in
      the
      student
      loan
     
     
      program,"
      said
      Michael
     
     
      Conlon,
      national
      chairper-
     
     
      son
      of
      the
      Canadian
      Federa-
     
     
      tion
      of
      Students.
     
    

    
     
      He
      said
      neither
      the
     
     
      banks
      nor
      the
      government
     
     
      have
      provided
      concrete
      fig-
     
     
      ures
      on
      the
      cost
      of
      adminis-
     
     
      tering
      the
      student
      loan
      pro-
     
     
      gram
      or
      how
      much
      is
      being
     
     
      put
      up
      annually
      to
      finance
      the
     
     
      loans.
     
    

    
     
      All
      of
      these
      figures
     
     
      til
      1995
      when
      the
      student
     
     
      loan
      program
      was
      given
      to
     
     
      the
      banks
      to
      administer.
     
    

    
     
      Now
      it
      isn't
      known
      if
     
    
   
   
    
     
      the
      numbers
      aren't
      there
      is
     
     
      because
      it
      went
      to
      the
     
     
      got
      rid
      of
      the
      people
      who
     
     
      administered
      the
      program,”
     
     
      said
      Conlon.
     
    

    
     
      _The
      CFS.
      leader,
     
     
      however,
      did
      tell
      CUP
      that
     
     
      HRDC
      officials
      had
      told
      him
     
     
      at
      meetings
      this
      school
     
     
      year
      that
      the
      loan
      system
      cost
     
     
      $1-billion
      to
      administer.